Property Management
An estoppel certificate in a commercial lease context is used to:
APrevent tenants from renewing their lease
BConfirm the current status of a lease — rent amount, term, and absence of disputes — for buyers or lenders✓ Correct
CCreate a new lease agreement
DCalculate the tenant's share of operating expenses
Explanation
An estoppel certificate is signed by a tenant confirming the current status of their lease, including rent amount, lease dates, and that the landlord is not in default. It is commonly required when a property is sold or refinanced.
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